A second aspect of technology transfer concentrates on U.S. high technology exports. China has correctly complained in the past that the U.S. was unnecessarily restrictive in limiting technology sales to China. Recently some liberalization has taken place and major increases in technology transfers have taken place as the result. However, some items continue to be subject to restrictions and unnecessary delay, in part because the U.S. Government submits many items to COCOM (巴黎统筹委员会) for approval. There is significant room for improvement with the U.S. bureaucracy and COCOM.
But there is also reason to believe that the flow of technology will continue to grow and that much of the major new technological innovation likely to occur in the U.S. in coming years will be available to China. Also, as new technology is developed in the U.S. and other industrialized countries, older technologies will become available at a lower price and export restrictions on them will ease.